KlaraBo Sverige AB Class B
1.06
EUR
+0.03
(+2.51%)
KlaraBo Sverige AB Class B
FRA:F5H
(Frankfurt Stock Exchange)
Recent
price
1.06
P/E
ratio
11.35
div
yld
2.10%
ROIC.AI
Capital Structure
SEK
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in mil. unless spec.Working Capital
SEK
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- KlaraBo Sverige AB (publ) is a Sweden-based real estate company that acquires, builds, owns, and actively manages attractive residential properties in growth regions throughout the country. Founded in 2017 and headquartered in Malmö, the company focuses on long-term ownership of rental apartments, which comprise the majority of its portfolio; it develops space-efficient, environmentally certified homes using sustainable materials like wood in a standardized industrial process, designs buildings in collaboration with municipalities to meet local needs, and enhances existing properties through value-adding renovations and adaptations for improved cash flow and tenant satisfaction. KlaraBo's property portfolio includes approximately 556,000 square meters of lettable area across 7,431 apartments and some commercial premises, generating contracted annual rent of about SEK 736 million, with an additional 809 apartments under development; operations span from Trelleborg in the south to Umeå in the north, divided into four regions, targeting mid-sized growth municipalities outside central major cities and serving primarily residential tenants alongside public sector clients contributing 8% of rental income. Recent developments include the November 2024 agreement to acquire a significant property portfolio in Helsingborg's Fredriksdal area from Rikshem Group for SEK 850 million, encompassing seven residential properties with substantial renovation potential to boost net operating income; a concurrent rights issue of up to 26 million B shares at SEK 15 each, targeting SEK 391 million in proceeds to partly finance the deal alongside new senior bank debt at a margin below the company's 1.47% average; a SEK 500 million credit agreement secured at the lowest margin in company history; and refinancing of over SEK 1 billion in loans with an existing banking partner on a four-year term, all aimed at supporting organic growth, portfolio expansion, and enhanced per-share income from property management expected upon the Helsingborg acquisition's completion in January 2025.